Verse Estate, a hyper-realistic Metaverse headquartered and fully licensed in Dubai, is introducing hyper-realism to provide a more enriching virtual environment allowing people and businesses to transition seamlessly to the virtual world.
Verse Estate wants to play a key role in contributing to the Dubai Metaverse Strategy, which aims to turn the city into one the world’s top-10 Metaverse economies as well as a global hub for the Metaverse community. The strategy was announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of The Executive Council of Dubai.
To celebrate its launch, Verse Estate is organizing an invitation-only event on Oct. 24 at its newly opened, high-tech showroom in Alserkal Dubai, bringing together UAE government officials, institutions and partners, where the Good Morning Web3 podcast by thought leader John Kraski will provide a panel of experts in the field and insightful discussions allowing guests to better understand how Web3 will transform the future of the internet and how businesses can evolve to ride this wave of transformation.
The Metaverse is positioned to drastically change the business landscape, making the online presence of individual companies more essential now than ever. The Metaverse presents the opportunity to level up customer engagement, retention rates, create new revenue streams, and improve collaboration, learning and training, among many other benefits.
Verse Estate provides turnkey solutions for clients interested in pursuing the potential of the Web3 arena. The organization assists them by providing services such as planning, creation, deployment of Web3/Metaverse strategies as well as advising on how to safeguard their intellectual property.
A Citi report found that the Metaverse represents a potential $8 trillion to $13 trillion opportunity by 2030 that could boast as many as 5 billion users.
The Verse Estate team said the growth of Web3 and the Metaverse has been encouraging because it means people are seeing this underlying technology feed into different applications that go beyond just crypto and gaming.
Before mainstream adoption occurs, though, significant infrastructure investments are needed so that users can go seamlessly from one experience to another, said the Verse Estate team, adding that building a more realistic and user-friendly experience is critical.
With the Metaverse still in an early stage of development, there are a plethora of risks and challenges in technology, regulation, privacy and crypto that need to be overcome before widespread adoption takes place. As we’ve seen with Web2, there will be challenges around content moderation, free speech and privacy. The legal frameworks developing around cryptocurrencies and decentralized finance will also be relevant to the Metaverse.
The Verse Estate team believes that the Metaverse will become a seamless extension of our physical world, and if done well, it could become a positive force for access and diversity, bridging some of the divides that exist in today’s world. Verse Estate wants to contribute to the building of an inclusive Metaverse for a more equitable future while following a people-first approach.
